The Treasury Secretary holds closed-door meetings with congressional leaders on avoiding the fiscal cliff, but no progress is reported..
The Treasury Secretary holds closed-door meetings with congressional leaders on avoiding the fiscal cliff, but no progress is reported.
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Breaking! Fiscal Cliff Drama between Reid & Boehner | Rep. John Boehner, Rep. Harry Reid obscenity-laced argument over fiscal cliff
Fiscal cliff negotiations between House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) reportedly got heated last Friday.
According to Politico, several sources claimed to have overheard a verbal altercation between the two men in the White House lobby.
With no bipartisan agreement about the debt ceiling, spending cuts and tax increases in sight, Boehner reportedly pointed at Reid and said, 'Go f**k yourself.'
'What are you talking about?' Reid asked.
And Boehner again said, 'Go f**k yourself.'
The encounter occurred soon after Reid took to the Senate floor and argued that Boehner could have ended the fiscal cliff standoff by bringing up legislation passed by the Senate for a vote. Reid also accused Boehner of catering to members of his party rather than serving the country.
'The American people I don't think understand the House of Representatives is operating without the House of Representatives,' Reid said. 'It's being operated by a dictatorship of the speaker, not allowing the vast majority of the House of Representatives to get what they want.'
Despite the name-calling and angry rhetoric, a deal on the fiscal cliff was approved by both houses of C
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With less than a month to go before the economy goes over the so-called fiscal cliff, each side has now made its opening proposal.
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Shoppers have had a lot on their minds in recent weeks, and in many cases, the approaching fiscal cliff has not left them in the mood to spend much money.
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Senate Majority Leader Harry Reid accused the Republican Congressional leadership of being 'radio silent' as the end-of-the-year deadline to avert the fiscal cliff approaches.
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So just what is this 'fiscal cliff' that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin? AP's Donna Cassata explains.
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Special interest groups are looking to protect their tax breaks ahead of fiscal cliff negotiations. (Nov. 26)
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Special interest groups are looking to protect their tax breaks ahead of fiscal cliff negotiations. (Nov. 26)
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Speaker of the House John Boehner says it is time for the White House and Democrats to get serious about avoiding the so-called fiscal cliff, a combination of spending cuts and tax hikes that loom.
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